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3 years ago

LO 8.4What causes the variable overhead efficiency variance?

Business

1 answer:

Alex_Xolod [135]3 years ago

4 0

Answer:

The generally varies according to variation in production levels.

Explanation:

First, we will determine the overhead efficiency variance:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard Rate

The change that makes a variation in variable overhead is the actual quantity. The actual quantity is based on the allocation base, it can be direct labor hours, direct machine hours, direct labor dollars, etc.

The generally varies according to variation in production levels.

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A company reported beginning inventory of 100 units at a per unit cost of $25. It had the following purchase and sales transacti

patriot [66]

Answer:

14-Jan

Dr Trade Receivable $1,125

Cr Sales

14-jan

Dr Cost of sales 625

Cr Inventory 625

9-Apr

Dr Inventory 375

Cr Trade Payable 375

2-Sep

Dr Trade Receivable $2,500

Cr Sales $2,500

2 sep

Dr Cost of sales $1,375

Cr Inventory $1,375

Dec 31 No journal entry

Explanation:

Preparation to Records the month-end journal entries noted below, assuming the company uses a periodic inventory system

14-Jan

Dr Trade Receivable $1,125

Cr Sales (45*25)

14-jan

Dr Cost of sales[25*25] 625

Cr Inventory 625

9-Apr

Dr Inventory (25*$15) 375

Cr Trade Payable 375

2-Sep

Dr Trade Receivable $2,500

Cr Sales (50*50) $2,500

2 Sep

Dr Cost of sales $1,375

Cr Inventory $1,375

($2,500-$1,125)

Dec 31 No journal entry

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3 years ago

Martha and Gordon purchased a home for $175,000 six years ago with a 5.5 percent, 30-year $140,000 mortgage. Their home now has

aliya0001 [1]

Answer:

The correct answer is A that is $76,000

Explanation:

Home equity is the market value of a home owner un-mortgaged interest in the real property, which is the difference among the home's fair market value and the outstanding balance of all liens on the property.

So, it is computed as:

Home Equity = Market value - Outstanding balance

= $210,000 - $134,000

= $76,000

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4 years ago

You are not allowed to park within _____ feet of an intersection

boyakko [2]

I believe it is 75? I may be incorrect

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4 years ago

Read 2 more answers

Elston Company issued $500,000 of eight percent, 20-year bonds at 106 on January 1, 2010. Interest is payable semiannually on Ju

galina1969 [7]

Answer:

Please see attachment

Explanation:

Please see attachment

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3 years ago

Marcus, a manager at Royal Memphis Hotel, is training a new group of employees. After each training session, the employees compl

dybincka [34]

Answer:

feedback

Explanation:

Based on the information provided within the question it can be said that Marcus is providing his employees with feedback. This refers to information given to an individual regarding their performance, and is done in order to help that individual realize what they are doing wrong and how they can improve their performance. Which is exactly what Marcus is doing with his employees.

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4 years ago